Larry McDonald

We hosted an elite family office, CIO dinner.

We do this around the country.

So the beer trap support, we're hosting one tonight in New York at the Harvard Club.

What we do is we get together- That's big time.

No, it's not me.

To me, that's what the whole book's about.

It's getting great mentors in a room and learning, right?

Learning, like anybody watching us right now younger,

You want to get your best mentors, take them out for coffee, take them out for dinner.

And that's what we do at the Bear Trap Support.

We gather intelligence that way.

And we started hearing this in May, June, July, and August.

And the key to investing is measuring the life of a narrative.

In other words, when I was a retail broker in the 90s, I was on Cape Cod.

And every narrative that came out of the Wall Street Journal or Wall Street Research, I couldn't tell how old those narratives were.

Because what Wall Street would do is they would give the ideas to their institutional clients.

And then after they're picked over, they eventually make it to retail and the Barron's and the Wall Street Journal.

Back then, and you and I were just talking about this, the way the rate of change of information that you've mastered, mastered like the last five, 10 years, monitoring that rate of change of information, if you do that in an ideas dinner setting or we host a Bloomberg chat with hedge funds, mutual funds, and pension funds, and we can measure the life of those narratives.

So getting back to your point about MAG7,

I'm telling you right now, what we started to learn in the spring to summer was that this is a testosterone contest where Zuckerberg's challenging Larry Ellison.